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The PPMP at a Glance 2021

May 2021
The Pension Plan of Management Personnel (PPMP) newsletter

A return of 8.4% for the PPMP members' fund in 2020

The previous The PPMP at a Glance issue dated October 2020 showed the PPMP members' fund return for 2019 and the first six months of 2020. This information bulletin informs you of the return for this fund for 2020.

Return for 2020

The PPMP members' fund generated a return of 8.4% in 2020. This fund is invested with the Caisse de dépôt et placement du Québec (CDPQ), in various asset categories.

The Private equity portfolio offered the best performance in 2020, with a return of 20.7%. The fixed income assets category and the Public equity portfolio also did well, with returns of 8.9% and 8.3%, respectively. Please note that the pandemic had detrimental effects on the assets of certain sectors of the real estate market, including shopping centres and office buildings. The Real Estate portfolio had a difficult year and generated a return of −15.6%.

Table 1

Table 1 shows the annual returns of the PPMP members' fund since 2011. Over a ten-year period, which ended on 31 December 2020, this fund generated an average annual return of 8.6%.

Table 1
Returns from 2011 to 2020

Table 2

Table 2 shows the evolution of the value of the PPMP members' fund over the last 10 years. Please note that the significant decrease in the value of the members' fund in 2017 can be explained by the coming into effect of the Act to foster the financial health and sustainability of the Pension Plan of Management Personnel and to amend various legislative provisions. The Act provides that the government takes responsibility for all benefits payable to beneficiaries who retired before 1 January 2015. However, an amount of $5.1 billion (the part of the assets regarding commitments to the beneficiaries) was transferred to the government in 2017, from the members' fund.

Table 2
Evolution of the value of the PPMP members' fund with the CDPQ
(billions of dollars)

Retraite Québec's accelerated digital turn
Improved online services that make the steps you take easier!

Having access to efficient online services is a must, and the current context emphasizes the need to access them easily, at all times and safely. Retraite Québec has undertaken a major digital turn in order to better meet your expectations regarding online services.

The year 2020 was marked by the addition of several online services, which are accessible to people who participated in or who are participating in a public-sector pension plan, such as the PPMP. The year 2021 will build on this momentum!

The following is a brief overview of the recent improvements made and the changes coming in 2021.

You can now go 100% digital!

  • Thanks to My Account, you can consult your documents and your letters at the same place, whenever it is convenient for you. You will now find your Statements of Participation, your Notices of Receipt, Acceptance or Refusal of an application, your income tax slips and your Statements of Deposits.
  • Sign up for the digital option now to receive your documents in My Account only and to sign up for notifications by email and/or text message, which will inform you quickly of any changes made to your file. For example, when a document is uploaded or, eventually, for a follow‑up on an application that you filed with Retraite Québec.
  • See your personalized pension estimates and make your calculations for retirement.
  • Find out the amounts of benefits that you will receive as well as the date of your next payment.

Other changes to come!

  • Consult the status of your application for a pension estimate under a public-sector pension plan or for a retirement pension under a public-sector pension plan and receive notifications as it progresses. With this new service, you will find answers to your questions whenever it is convenient for you!
  • More and more information, documents and follow-ups regarding the status of your applications will be available and continuous improvements are scheduled, such as a new way to show information as well as a modernized navigation interface available from any mobile device.

To keep abreast of the newest changes in My Account, visit the Retraite Québec website, sign up for our newsletter and follow us on our social media platforms!

Easing measure for retirees under the PPMP who return to work during the pandemic

In December 2020, due to the ongoing state of public health emergency, which was declared due to the COVID-19 pandemic, the Minister for Health and Social Services, Mr. Christian Dubé, issued a ministerial order that provides for easing measures for the return to work of retired members of the PPMP in the education sector. The ministerial order is in effect for the duration of the public health emergency.

The ministerial order specifies that retired members of the PPMP who choose not to contribute to the plan upon returning to work can return to certain employment under the PPMP in the education sector, that is, the sector of school service centers, school boards and private institutions, at the preschool, primary and secondary levels, without their salary being included in the calculation of the limit. The return to work must be linked to the pandemic. Please note that the college level is not affected by the ministerial order.

We wish to remind you that, in July 2020, the Minister of Health and Social Services issued a similar ministerial order, which applied to certain positions under the PPMP in the health and social services sector.

You can find the definition of adequate income, as well as various scenarios upon returning to work, based on the employment covered by the PPMP or another pension plan in the newsletter The PPMP at a Glance dated October 2020.

Please note that a retired member of the PPMP who plans on returning to work in an occupation in the public sector should first contact his or her employer for information regarding the rules that will apply to his or her situation.

Members of the PPMP pension committee

Mr. Bernard TanguayIndependent member, president of the pension committee
Ms. Michelle BourgeoisMinistère de l'Enseignement supérieur
Ms. France BretonMinistère des Finances
Ms. Anne-Marie ChiquetteAPER Santé et Services sociaux
Ms. Nadyne DaigleRegroupement des associations de cadres en matière d'assurance et de retraite
Ms. Carole DoréAssociation des cadres supérieurs de la santé et des services sociaux
Ms. Martine DoréAlliance des cadres de l'État
Mr. Benoit DufresneSecrétariat du Conseil du trésor
Mr. Mathieu Ferland-LapointeSecrétariat du Conseil du trésor
Mr. Sylvain GallagherAssociation des cadres des collèges du Québec
Ms. Isabelle GarneauSecrétariat du Conseil du trésor
Ms. Maryse Gauthier-GagnonSecrétariat du Conseil du trésor
Mr. François LabbéPlan beneficiary
Ms. Chantal MarchandAssociation des gestionnaires des établissements de santé et de services sociaux
Ms. Geneviève PelletierCoalition de l'encadrement en matière de retraite et d'assurance
Ms. Kathia RoyMinistère de la Santé et des Services sociaux
Ms. Marie-Ève SimoneauMinistère de l'Éducation

Contact us


By telephone:
Québec region: 418 643‑4881
Toll-free: 1 800 463‑5533
Fax: 418 644-8659

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Retraite Québec
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Québec (Québec)  G1K 0G9